tomo logo

$2,599,000

Beds
3
Baths
4.0
sq ft
4,169

8054 Fareholm Dr, Los Angeles, CA 90046

8054 Fareholm Dr

Los Angeles, CA 90046

  • 224 days on market
    • Price drop $178,000↓
8054 Fareholm Drive in the Hollywood Hills, aka Fareholm Castle is the breathtaking work of renowned Spanish designer Jorge Dalinger. He seamlessly blends Spanish details and California lifestyle, and the results are stunning. This gated property is nestled in the foothills just a few blocks above the iconic Sunset Strip. It's big and grand. It's an updated twist on fairytale architecture with dramatic rooms and whimsical details. The entry hall is where the fun starts. Currently used as a lounge with pool table, it has chic Moroccan details and a sedari-style seating area. A stately tiled staircase brings you from the entry lounge to the beautiful bright living space with two stories of windows and a richly detailed ceiling a Jorge Dalinger signature feature. There is wall space for large-scale art and easy access to the big outdoor open-air lounge. Lovely for sunning, reading, relaxing and entertaining. Also off the living room is the gourmet kitchen with a sweet and cozy breakfast nook and the stately dining room which flows to the outdoor kitchen with grill, sink, the draft beer system, eating area and conversation spots. This is all woven into the castle charm among the pink bougainvillea and green palm fronds. Back inside are three bedrooms and four bathrooms. A top floor primary suite with balcony, another suite with balcony off the entry lounge, plus an additional bedroom and bathrooms. That's not all, there is a music room downstairs that would work for hobbies or hang outs or movies or more. And a tucked away wine cellar with a cozy outdoor tasting area. And to make it all easy, there is a service elevator to take things from floor to floor. All of this close to shops, restaurants, and gyms. Just a few blocks from Bristol Farms and Almor Wine & Spirts for those last-minute entertaining restocks. Unique and easy, classic, and fun. An architectural personification of happiness. Come see this beautiful home for yourself. We'd love to show you.

Details

Property type

Single Family Residence

Est. home value

$2,933,011

Lot size

5,390 sq ft

Price per sq ft

$624

Year built

1985

HOA

No

Price History

05/18/2024
CLAW

CLAW #24356281

Price change
$2,599,000
-6.41%
05/08/2024
CLAW

CLAW #24356281

Price change
$2,777,000
-3.58%
04/18/2024
CLAW

CLAW #24356281

Listed
$2,880,000

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,325,620
Asking price
$2,599,000
Closing costs (~8% of asking)
-$207,920
Est. remaining loan balance
-$1,065,460
Cash to seller
$1,325,620

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

January 2016

Original loan amount

$1,300,000

Est. remaining balance

$1,065,460

Interest rate

3.93%

Loan type

New Conventional, 30 year

Seller

Tristram Carpenter and Gabrielle Stanton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 10/04/2024 at 9:45 PM

Listing updated: 09/30/2024 at 11:50 AM

Listed by: Heather T. Roy, Douglas Elliman Phone #: (310) 595-3888

MLS: CLAW #24356281

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